Louise Williams, Jakarta – The Indonesian rupiah plunged more than 10 per cent yesterday amid growing concerns over President Soeharto's health and warnings of a loss of confidence in t

'I think the speculators and the money mafia are a plot by American spies', says psychic Ki Gendeng Pamungkas. 'They want to undermine the government.

The value of the rupiah fell sharply Monday to a new low of Rp 4,160 to the dollar.

John McBeth, Jakarta – Last February, an Indonesian military intelligence team filmed American human-rights activist Danny Kennedy lifting samples from the silt-laden Aikwa River in the

Louise Williams, Jakarta – Indonesia's rupiah hit a record low yesterday, despite the massive International Monetary Fund (IMF) rescue package, following the Soeharto Government's annou

Louise Williams, Jakarta – President Soeharto's son Mr Bambang Trihatmodjo is back in the banking business only weeks after his under-capitalised bank was liquidated under International

President Suharto's half-brother and business tycoon Probosutedjo has agreed to drop charges against government officials for closing down his bank if they acknowledge that it is a soun

Jakarta – Jakarta's main stock index smashed through the key 400-point barrier to hit a 50-month low yesterday, with analysts expecting further downward pressure as investors reduced th

Jakarta – Indonesia's President Suharto Friday ordered all state-owned companies to allocate 1% of their respective earnings to buy shares listed on the country's exchanges in order to

Bernie Sanders' (I-VT) opening statement:

Louise Williams, Jakarta – Indonesia must push through with successive waves of tough economic reforms, including a possible second round of bank closures, the managing director of the

Andreas Harsono, Jakarta – Indonesian journalists are protesting a government ban that has kept two private television channels here from airing live a parliamentarian hearing on Indone

Jakarta – Mr Bambang Trihatmodjo, the second son of President Suharto, will take control of Bank Victoria as compensation for the closure of his Bank Andromeda, Bisnis Indonesia said.

Jakarta – Indonesian President Suharto's second son Bambang Trihatmodjo announced Wednesday the withdrawal of a lawsuit against the government over the closure of his bank earlier this

Louise Williams, Jakarta – President Soeharto's half-brother has refused to withdraw a court challenge to bank liquidations which threaten the Internation Monetary Fund's bailout of the

Jakarta – Indonesia's Finance Minister Mar'ie Muhammad yesterday defended the closure of 16 banks, asserting the government had followed proper procedures before winding them up in a mo

Michael Shari in Jakarta and Sheri Prasso in New York – For a region that has felt shock after shock since July, some relief came in the final days of October.

Jim Della-Giacoma, Jakarta – Indonesia faces a mixed week ahead with praise expected from the IMF for its economic reform plans, but also the start of a court challenge to cleaning up t

Jakarta – Moves to deregulate the Indonesian economy following an IMF review are more a compromise than a reform measure, analysts say.

Holman W.

Jay Solomon, Jakarta – The U.S.

Jakarta – Bambang Trihatmodjo, the middle son of Indonesian President Suharto, stepped up his attack on Indonesian Finance Minister Mar'ie Muhammad Tuesday over the liquidation of a ban

Jakarta – Early this year, 31-year-old Bimo, who works in the private sector, and his wife decided to buy a house where they could raise their newborn daughter.

Louise Williams, Jakarta – Mobs of angry customers and employees gathered outside the branches of Indonesia's 16 liquidated banks yesterday, many refusing to believe they had lost most

Jim Della-Giacoma, Jakarta – Indonesian President Suharto's half-brother Probosutedjo said he had kept his PT Bank Jakarta open on Tuesday, defying a government order closing down the i

Raphael Pura, Semarang – PT Bank Harapan Sentosa depositors who came to its big branch here Monday looking for what remains of their money were met by armed police rather than smiling t

Indonesia announced a spate of measures to shore up its economy as conditions to receive more than $30 billion in aid from the International Monetary Fund, the World Bank and Asian Deve

Richard Borsuk, Jakarta – Indonesian bankers braced for a tense day of business Monday following Saturday's closure of 16 banks.

Louise Williams, Jakarta – The Soeharto Government has urged the public not to panic at the opening of business today after announcing the immediate liquidation of 16 non-performing Ind

Louise Williams, Jakarta – The massive bailout package for Indonesia goes some way to addressing economic distortions such as nepotism, favouritism and politically connected monopolies,

Geoff Spencer, Jakarta – Indonesia shut down 16 insolvent banks and planned other austerity measures Saturday, a day after receiving word of $33 billion in foreign loans to revive an ec

Louise Williams, Jakarta – For fifteen days Pak Waska has been ready: waiting under the vast, concrete highway overpass, his work bag packed, his shirt neat and clean, the thick fumes o

Louise Williams, Jakarta – Indonesia announced last night that it had reached agreement with the International Monetary Fund on a rescue package for its ailing economy.

S N Vasuki, Jakarta – Private power firms, which are investing billions of dollars in new projects in Indonesia, are desperately trying to stall a government move to renegotiate power t

Tony Wright, Jakarta – The Prime Minister has told Indonesia's President Soeharto that Australia, in the spirit of "regional mateship", stands ready to dig deep as part of a major inter

The national car

Chris Lydgate in Singapore and Louise Williams in Jakarta – The Indonesian President's comments that the Singapore Government had agreed to offer a $US10 billion ($14.2 billion) aid pac

When President Soeharto built himself a modern office block in the late 1960s, it was known for a time as the KISS building, an abbreviation of words borrowed from English – koordinasi,

Bernice Han, Singapore – Indonesia's National Logistics Agency (Bulog), the state-owned food price regulator, is seen targeted by the International Monetary Fund for reform, a senior ag

Louise Williams, Jakarta – The International Monetary Fund's rescue package for Indonesia is expected to be delayed until later this week after private talks reportedly stalled over pol

Michael Shari in Jakarta, with Joyce Barnathan in Hong Kong – The 60 Indonesian blue-chip company executives summoned to Bank Indonesia, the country's central bank, on Oct.

Lewa Pardomuan, Jakarta – Indonesia's state-owned aircraft manufacturer Industri Pesawat Terbang Nusantara (IPTN) said on Thursday it had found counter-trade deals beneficial and denied

John McBeth with Fanny Lioe in Jakarta – On October 10, two days after Indonesia announced it was going to seek the International Monetary Fund's help in salvaging its economy, Jakarta

Louise Williams, Jakarta – In a new effort to arrest the slide of the rupiah, Indonesia's Central Bank has announced that commercial banks may lend hundreds of millions of US dollars fr

President Suharto has earned plaudits for deregulating various aspects of Indonesia's economy. But he can't complete the job without challenging some powerful vested interests.

Quentin Peel and Sander Thoenes, Jakarta –

David Jenkins &150; President Soeharto's decision to call in the IMF and the World Bank, his second attempt in as many weeks to staunch a hemorhaging rupiah, has sent what should be

Jay Solomon &150; The playful smile on President Suharto's face as he gave the new "national motorcycle" a spin around his palace late last month could give the impression that all

Jakarta – Indonesia's currency crashed to a new low today when it hit 3,725 rupiahs against the U.S. dollar before recovering slightly.

Muklis Ali, Jakarta – Indonesia announced deep, wide-ranging spending cuts and delays in major projects on Tuesday to help cope with currency and share market upheavals.